HFT crypto analysis: Hashflow gains 175% in a week – Next levels to watch
2025-07-03 04:14:01
Main Idea
Hashflow (HFT) has surged 176% in a week, driven by Binance's support for HFT deposits, with key technical indicators suggesting potential continued bullish momentum despite overbought conditions.
Key Points
1. Hashflow (HFT) rallied 176% since June 28, fueled by Binance's announcement supporting HFT deposits.
2. Daily trading volume spiked to $97 million, 25x its recent average, indicating strong trader interest.
3. Technical analysis shows a bullish market structure break, with HFT surpassing key resistance levels, including the May high of $0.094.
4. The RSI is at 86 (overbought), but the OBV surge to two-year highs suggests the rally is substantiated.
5. Short-term support is identified at $0.12, with potential retracement support around the $0.1 region and the $0.075-$0.11 fair value gap.
Description
Traders can wait for a price dip to look for long positions rather than FOMOing into bidding HFT right now.
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